The UK’s Serious Fraud Office (SFO) has launched an investigation into Basis Markets, a cryptocurrency scheme that raised approximately $28 million through NFT sales and a cryptocurrency hedge […]
UK’s Serious Fraud Office Investigating Basis Markets Cryptocurrency Fraud
The UK’s Serious Fraud Office (SFO) has initiated an investigation into Basis Markets, a cryptocurrency company that raised nearly $28 million in funding through NFT sales and a […]
Do Kwon Seeks Five-Year Prison Term in Stablecoin Fraud Case
In a legal maneuver ahead of his sentencing for the collapse of Terraform Labs, Do Kwon has requested a five-year prison term limit. The request comes after the […]
Organized Crime Exploits Social Media for High-Value Schemes: Orgies, Cryptocurrency Theft and Bot-Driven Scams
A new wave of sophisticated criminal networks is emerging, blending illicit activities with advanced financial fraud to target investors. These groups exploit social media platforms and real-world events […]
Supreme Court Defies Appeal in OneCoin Lawyer’s Fraud Conviction
The U.S. Supreme Court has rejected Mark S. Scott’s appeal, affirming his conviction for orchestrating a multi-million dollar money laundering scheme associated with the notorious OneCoin cryptocurrency fraud. […]
FC Barcelona Instagram Hack: $26,000 in Crypto Fraud and Lack of Response
An unauthorized account takeover of FC Barcelona’s Instagram page resulted in a fraudulent crypto scheme generating $26,000 in illicit gains. The hack primarily impacted the Pump Fun token, […]
Portuguese National Arrested for $580 Million Cryptocurrency Fraud in Bangkok
A Portuguese national, Pedro M., has been arrested in Bangkok for allegedly orchestrating a €500 million cryptocurrency fraud that spanned Europe, Asia, and impacted locals across the region. […]
CBI Investigates Major Cryptocurrency Fraud Linked to HPZ Token
India’s Central Bureau of Investigation (CBI) has launched a major investigation into a suspected international cryptocurrency fraud involving the HPZ token, as part of its ongoing operation ‘Chakra-V’. […]
EminiFX Founder Ordered to Pay $228M Restitution for Ponzi Scheme
A federal judge has declared EminiFX a Ponzi scheme, ordering its founder, Eddy Alexandre, to pay $228 million in restitution. The ruling followed a lengthy investigation by the […]
Kroll Lawsuit Explores Cybersecurity Failures Following FTX Data Breach
Kroll, a financial and risk advisory firm, is facing a class-action lawsuit from FTX creditors over alleged negligence following a data breach that exposed sensitive personal information of […]
Taiwan Charges 14 in BitShine Crypto Fraud Case
**BitShine Investigation:** Taiwanese authorities have charged 14 individuals linked to the $41 million BitShine crypto scam, addressing accusations of fraud and money laundering without statements from BitShine leadership. […]
USDT Scam Uncovered: Six Arrested in Taiwan
A recent USDT scam involving a South Korean businessman has shed light on the risks associated with peer-to-peer cryptocurrency transactions. Six suspects were apprehended for their alleged role […]
Cryptocurrency Fraud Case Reveals Rise of Shady Schemes
A recent cryptocurrency fraud case brought to light by the U.S. Department of Justice highlights the growing trend of scammers exploiting the increasing popularity of digital currencies. The […]
HashFlare Founders Sentenced: $577M Crypto Scheme Lands Co-Conspirators Behind Bars
Sergei Potapenko and Ivan Turõgin, the co-founders of defunct crypto mining platform HashFlare, have been sentenced to 16 months in prison. Their sentence reflects a lighter penalty than […]
Do Kwon Set to Reshape $40 Billion Terra Collapse Case: Expecting Plea Shift
Do Kwon’s plea change is expected to dramatically impact the ongoing $40 billion Terra collapse fraud case. Judge Paul Engelmayer has been notified of his upcoming shift and […]